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Economics Past Questions and Answers

Waec Economics Questions

Question 1056:

The indicator of the value of money is

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A The general price level
B The equilibruim price
C Consumer''s income
D The interest rate

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Question 1057:

The Central Bank can restrict credit through

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A Depreciation of assets
B Granting overdraft
C Direct investment
D Open market operation

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Question 1058:

Creation of money by commercial bank is done by

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A Increasing the cash ratio
B Printing money
C Lending to borrowers
D Issuing cheques

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Question 1059:

Public finance is basically an analysis of the

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A Income and expenditure of government
B Expenditure patterns of the government
C Current and capital receipts of the government
D Current and capital expenditure of the government

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Question 1060:

A major use of taxation is to

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A Control population growth rate
B Influence people's spending habits
C Control money supply
D Create bank credits

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